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[China Epoxy Resin Industry Online] April 15, 2005: According to the analysis of Doug May, global acrylate business manager of The Dow Chemical Company, the global acrylate industry in 2005 will continue to operate under high raw material prices and tight supply.
Improve profitability.
In 2005, the global demand for acrylates is expected to grow by 4% or even higher than 4%.
The two main factors for demand growth are: the expansion of application areas and the increase in regional demand.
In the past two years, the application of acrylic adhesives and superabsorbent resins (SAP) in major regions of the world has generally increased.
It is expected that Asia, especially China, will become the main driving force for the growth of acrylic acid demand in the future.
In the next five years, the demand for acrylic acid in China will be It will continue to grow at a growth rate of 15% per year, and the demand will reach 600,000 tons in 2009.
According to statistics, the world demand for acrylic acid in 2004 was about 3 million tons, of which acrylate accounted for 52%, super absorbent polymer (SAP) accounted for 31%, and others accounted for 17%.
It is expected that the balance of supply and demand will become tighter in the next few years.
